Texas – Dallas Commercial Water/Waste Water Service Installation Bond
Licensing of Contractors, Dallas; Purpose
Contractors working in Dallas, Texas, as commercial waste or waste water service installers are required to obtain a $5,000 surety bond as a condition of licensing with the city.
The surety bond is a financial guarantee for the city of Dallas that all work performed will be done according to city regulations, ordinances, and amendments.
The surety bond furthermore holds Dallas harmless for any defect in workmanship, including the harm or costs occasioned by such defects for the term of the surety bond and a period of 1 year from the date of completion of work performed.
Qualifying and the Premium
You are automatically approved for the $5,000 Dallas commercial water/waste water service installation bond.
Your surety bond will have an expiration/renewal date of January 1st, and the premium is $100 for the term.
When you call our agency, we’ll just need the basics from you: The name, as it should appear on your bond, along with your contact information.
After paying the $100 premium, our agency issues your bond along with a Power of Attorney form to you. You’ll sign your original surety bond as Principal, filing it with the POA form to:
Water Utilities Department
320 East Jefferson, Room 118
Dallas, TX 75203
Premium Prepayment Option
You may prepay your surety bond for up to 3 years; however, the bond’s expiration and renewal date will always be January 1st of the year chosen.
Prepayment of your premium offers you a savings over annual renewals, besides lengthening the time between renewals.
The premium prepayment option and savings are approximately $180 if prepaid for 2 years; or $260 if prepaid for 3 years, with a respective savings of about $20 to $40. The exact amount will depend on the date of your bond’s initial purchase but will not vary significantly.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds for contractors in Texas and nationwide.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…